Progress-Werk Oberkirch AG / Key word(s): Miscellaneous
Oberkirch, September 9, 2013 - The PWO Group presents its extensive product range at the IAA in Frankfurt from September 12-22. At this year's event, PWO is placing a special emphasis on lightweight solutions for which the Company has seen a sharp increase in demand from its customers. The use of these components contributes significantly to weight reduction in automotive manufacturing and consequently to fuel savings and CO2 abatement. Approximately 50-60 % of PWO Group's order intake in the first eight months of the current financial year is attributed to these components. Lightweight concepts require, in part, new processes for the forming of high-strength and ultra-high strength steel sheets with high speed, high precision, and at competitive costs. Over the past few years, PWO has developed unique process know-how in this area. This includes, among other things, the processing of high-strength steels using deep-drawing and rolling technology.
In this regard, PWO has recently received a number of important series orders. Critical to winning this new business was first, PWO's expertise in the deep-drawing technology for high-strength steels, and second, PWO's ability to adapt this process to the respective local conditions and enable global production at competitive costs. With these contracts, PWO once again benefits from its global reach and delivery capabilities. The following related projects appear to be particularly noteworthy:
PWO received a large order from a major customer for the production of a new generation of electronic-engine housings. The challenge is to implement the necessary functions using less material in order to produce this lightweight solution extremely cost effectively and at the same time at the highest production speed possible.
PWO was commissioned for the supply of components for air suspension systems in lightweight construction for use in a passenger car of Tesla, the American electric vehicle pioneer. This is where PWO's process know-how in the field of deep-drawing and rolling technology of aluminum can be fully applied.
In addition, the PWO Group recently received a number of large orders for lightweight seating components in which the processing know-how for high-strength, thin steel sheets plays a central role.
Due to PWO's unique product and process know-how, the Company appears well-prepared to support its customers successfully with the development of innovative lightweight solutions in the future. Thus, PWO is in an excellent position to take advantage of the automotive mega-trends of saving fuel and curbing CO2 through lightweight design. As a result, the Company expects further above-average revenue growth in the years to come.
Progress-Werk Oberkirch AG
PWO company profile
PW0 is a partner to the global automotive industry for the development and production of innovative products in the areas of 'Mechanical components for electrical and electronic applications', 'Safety components for airbags, seats and steering' and 'Components and systems for vehicle bodies and chassis'.
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|Company:||Progress-Werk Oberkirch AG|
|Phone:||+49 (0)7802 84-0|
|Fax:||+49 (0)7802 84-273|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg, München|
|End of News||DGAP News-Service|